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Seeking Alpha 2022-10-06 19:02:28

Binance secures permanent license to operate crypto exchange in Kazakhstan

Binance has received a permanent license from the AIFC Financial Services Authority, allowing it to provide its cryptocurrency trading services in Kazakhstan, it said in a blog post Thursday.The news comes after the crypto exchange won preliminary regulatory approval in mid-August to operate in the country.In addition to exchange trading services, Binance can now offer conversion services, deposit and withdrawal of fiat currencies and crypto storage.Binance is expanding its global footprint while staying compliant with regulations, which vary by country. At the end of September, the exchange entered New Zealand to offer crypto trading, non-fungible tokens and staking. That was followed by its move to extend its services for retail and institutional investors in Dubai, a hub spot for the space."Binance has taken another step in its quest to be a compliance-focused exchange," said Gleb Kostarev, the company's Asia director.Previously, (Aug. 26) Binance to accelerate blockchain sector in Busan, South Korea.

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